Earnings Per Common Share ("EPS")

3 Months Ended

Mar. 31, 2019

(3.)EARNINGS PER COMMON SHARE (“EPS”)

The following table presents a reconciliation of the earnings and shares used in calculating basic and diluted EPS (in thousands, except per share amounts).

	Three months ended March 31,
	2019			2018
Net income available to common shareholders	$	11,156		$	8,923
Weighted average common shares outstanding:
Total shares issued		16,056			16,056
Unvested restricted stock awards		(3	)		(19	)
Treasury shares		(123	)		(147	)
Total basic weighted average common shares outstanding		15,930			15,890
Incremental shares from assumed:
Exercise of stock options		—			6
Vesting of restricted stock awards		48			45
Total diluted weighted average common shares outstanding		15,978			15,941
Basic earnings per common share	$	0.70		$	0.56
Diluted earnings per common share	$	0.70		$	0.56

For each of the periods presented, average shares subject to the following instruments were excluded from the computation of diluted EPS because the effect would be antidilutive:

Stock options	—	—
Restricted stock awards	10	4
Total	10	4